JP Morgan Worldwide Securities Services has become the first international lender to break into the securities lending market in Malaysia, recognising an opportunity for business in a market where the activity is beginning to pick up.

The custodian, which is the third-largest in the world with $17.9 trillion in assets under custody, has extended the regional rollout of its securities lending capabilities to the country, and is the first international lender to offer securities lending to prime brokers and clients with Malaysian assets.